Posts in category Business Standard
Hong Kong Market falls 1% (19-04-2024)
Risk appetite soured on Middle East tensions. Recent reports of an Israeli aerial bombardment targeting a key nuclear facility in central Isfahan have sparked a significant shift out of risk assets and into safe-haven investments. Irans state media said the country had activated its air defence system after reports of explosions near the Iranian city of Isfahan.
Hindustan Zinc slides after Q4 PAT decline 21% YoY (19-04-2024)
Hindustan Zinc (HZL) slipped 1.46% to Rs 398.85 after company's consolidated net profit fell 21.09% to Rs 2,038 crore in Q4 FY24 as compared with Rs 2,583 crore recorded in Q4 FY23.
State-owned Canara Bank fixes record date of May 15 for stock split (19-04-2024)
State-owned Canara Bank on Friday said it has fixed May 15 as record date for determining shareholders' eligibility for stock split.
The stock split is being done with an objective to improve liquidity of the stock.
In February, the bank's board had approved splitting existing shares of face value of Rs 10 each into 5 shares having a face value of Rs 2 each, fully paid up, ranking pari-passu in all respects, Canara Bank said in a regulatory filing.
The Reserve Bank of India (RBI) gave its go-ahead for stock split on April 16, 2024, it said.
Shares of Canara Bank were trading at Rs 577.15 apiece, down 1.10 per cent on the BSE in the afternoon trade.
The government owns 62.93 per cent stake in Canara Bank, while public shareholders own the rest.
Quick Wrap: Nifty Financial Services Index records a surge of 1.31% (19-04-2024)
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China Market falls on geopolitical woes (19-04-2024)
The latest geopolitical developments prompted concerns over a widening of the Israel-Hamas war in Gaza to include other countries in the Middle East. As per reports, Israel launched missiles at Iran in retaliation for an April 13 attack on Israel that was in response to an alleged Israeli assault that killed Iranian military leaders on April 1.
Market snaps 4-day losing run; Nifty ends at 22,147 (19-04-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex jumped 599.34 points or 0.83% to 73,088.33. The Nifty 50 index gained 151.15 points or 0.69% to 22,147.
Uno Minda acquires further 26% stake in Minda Westport Technologies (19-04-2024)
With this acquisition, now the stake of the Company in MWTL stand increased to 7 6% and MWTL has become a subsidiary of Uno Minda.
Axis Bank board to mull fund raising (19-04-2024)
The private lender announced that its board will consider the proposal of fund raising on Wednesday, 24 April 2024.
Australia Market tumbles amid escalating Middle East tensions (19-04-2024)
Israeli Prime Minister Benjamin Netanyahu had vowed retaliation earlier this week following a volley of attacks from Iran on the weekend.
Japan Nikkei tumbles 2.66% amid Middle East tension (19-04-2024)
The stock market sell-off spurred as news of the Israeli attack on Iran apparently triggered a computer algorithm that is programmed to sell stocks and buy bonds, the yen and oil, mainly through futures.